Beacon Equity Research: BRG Acquires a Quarter Million Seven Arts (SAPX) Shares at Double the Price
Seven Arts Entertainment grew wings and flew to close out the extended trading session yesterday after it announced large amounts of shares purchased at a massive premium! SAPX already closed out the regular trading session up 8% yesterday, but with this touted upgrade – SAPX closed out extended hours up over 26%. Seven Arts Pictures that later became Seven Arts Entertainment was founded in 2002 as an independent motion picture production and distribution company engaged in all areas of theatrical motion pictures for exhibition domestically and internationally, including home video and pay/free television. SAPX announced yesterday after hours that BRG…
